NATIONAL GRID PLC-SP ADR (NGG) Technical Analysis
NYSE:NGG • US6362744095
Taking everything into account, NGG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NGG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, NGG did better than 87% of all other stocks. On top of that, NGG also shows a nice and consistent pattern of rising prices.
- NGG is part of the Multi-Utilities industry. There are 26 other stocks in this industry. NGG outperforms 100% of them.
- NGG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NGG is lagging the market slightly.
- NGG has an average volume of 1008220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NGG has a been trading in the 87.82 - 94.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, NGG also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 89.84, a Stop Loss order could be placed below this zone.
More info and screens
72.09
We found 4 important support areas.
- A support zone ranging from 89.74 to 89.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.31 from a trend line in the daily time frame.
- Support @79.78 from a trend line in the weekly time frame.
- A support zone ranging from 72.82 to 74.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 90.27 to 91.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 93.77 to 93.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGG is up. |
| ChartMill Relative Strength | 87.17 | POSITIVE | NGG has a high relative strength, it outperformed 87.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.51 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests NGG has a negative trend. |
| Stochastics (14,3) | 24.15 | NEUTRAL | The Stochastics value for NGG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 32.73 | POSITIVE | The high ADX value value for NGG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.64 | 89.73 | 1.91 (2.08%) | 25.00% |
| An entry @91.64. This is a Buy Stop order right above the resistance zone. | An exit @89.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.91 points, which is 2.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of NGG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NGG Technicals: Chart, Performance Metrics, Trend & Indicators
89.85
-0.56 (-0.62%)
NATIONAL GRID PLC-SP ADR / NGG FAQ
What is the technical rating for NGG stock?
ChartMill assigns a technical rating of 10 / 10 to NGG.
Can you provide the trend direction for NATIONAL GRID PLC-SP ADR?
The current trend direction for NATIONAL GRID PLC-SP ADR (NGG) is Bullish.
What is the RSI signal for NGG stock?
NATIONAL GRID PLC-SP ADR (NGG) has an RSI value of 52.5102. This indicates that the stock is currently neutral.
What is the short term momentum for NATIONAL GRID PLC-SP ADR (NGG) stock?
The short term momentum for NATIONAL GRID PLC-SP ADR (NGG) is positive.
What are the support and resistance levels for NATIONAL GRID PLC-SP ADR (NGG) stock?
NATIONAL GRID PLC-SP ADR (NGG) has a support level at 89.84 and a resistance level at 90.27. Check the full technical report for our detailed analysis of NGG support and resistance levels.